Cloud Migration Market Outlook, Segments, Geography, Dynamics, and Insights by 2031

Coverage: Cloud Migration Market covers analysis by Service (PaaS, IaaS, SaaS); Application (Project Management, Compliance and Security Management, Infrastructure Management); End-User (BFSI, Retail, Healthcare, IT and Telecom, Manufacturing, Government, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00004825
  • Category : Technology, Media and Telecommunications
  • No. of Pages : 150
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Cloud Migration Market Trends and Forecast (2021-2031)

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The Cloud Migration Market is expected to register a CAGR of 25.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

The report is segmented by Service (PaaS, IaaS, SaaS); Application (Project Management, Compliance and Security Management, Infrastructure Management); End-User (BFSI, Retail, Healthcare, IT and Telecom, Manufacturing, Government, Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments

Purpose of the Report

The report Cloud Migration Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Cloud Migration Market Segmentation

Service
  • PaaS
  • IaaS
  • SaaS
Application
  • Project Management
  • Compliance and Security Management
  • Infrastructure Management
End-User
  • BFSI
  • Retail
  • Healthcare
  • IT and Telecom
  • Manufacturing
  • Government
  • Others
Geography
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa
Geography
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Strategic Insights

Cloud Migration Market Growth Drivers
  • Need for Cost Optimization: Organizations are migrating to the cloud to reduce operational costs, optimize IT infrastructure, and improve resource management. Cloud solutions offer lower capital expenditure and maintenance costs compared to on-premise infrastructure. This cost-saving advantage is a significant driver of the cloud migration market, as businesses look to maximize ROI on their IT investments.
  • Business Continuity and Disaster Recovery: Cloud migration supports business continuity by enhancing disaster recovery capabilities. Cloud solutions provide automated backup, data redundancy, and failover mechanisms, reducing the risk of data loss and ensuring uptime. Companies prioritize these features as they seek to protect critical business data and operations, driving the demand for cloud migration services.
Cloud Migration Market Future Trends
  • Hybrid and Multi-Cloud Strategies: The adoption of hybrid and multi-cloud strategies is a key trend in cloud migration. Organizations are increasingly opting for a mix of public, private, and on-premises cloud environments to avoid vendor lock-in, enhance flexibility, and optimize workload distribution. Cloud migration tools are evolving to seamlessly integrate multi-cloud and hybrid environments.
  • AI-Powered Cloud Migration Solutions: Artificial Intelligence (AI) and machine learning are being integrated into cloud migration tools to automate and optimize the process. AI-driven solutions can predict potential challenges, automate testing, and provide better insights into cost optimization and performance tuning. This trend enhances the speed, accuracy, and efficiency of cloud migration efforts.
Cloud Migration Market Opportunities
  • Cloud Migration for Legacy System Modernization: Many enterprises still rely on outdated legacy systems that hinder innovation and scalability. Cloud migration offers an opportunity to modernize these systems, making them more flexible and capable of supporting newer technologies like AI, big data, and IoT. The push to upgrade legacy infrastructure presents a large opportunity for cloud migration service providers.
  • Cloud Migration in Emerging Markets: Emerging markets, particularly in regions like Asia-Pacific, Latin America, and Africa, offer significant opportunities for cloud migration services. As digital transformation accelerates globally, businesses in these regions are increasingly adopting cloud solutions to improve efficiency, support growth, and enhance competitiveness. Providers can expand into these high-growth regions by offering localized cloud migration services.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Cloud Migration Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Cloud Migration Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What are the driving factors impacting the global cloud migration market?

Demand for improved operational efficiency and support for digital transformation programs are the major factors driving the cloud migration market

What is the expected CAGR of the cloud migration market

The Cloud Migration Market is estimated to witness a CAGR of 25.8% from 2023 to 2031

What are the future trends of the cloud migration market?

Adoption of hybrid and multi-cloud environments to play a significant role in the global cloud migration market in the coming years

What are the deliverable formats of the market report?

The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request

What are the options available for the customization of this report?

Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility

TABLE OF CONTENTS

1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Cloud Migration Market - By Service
1.3.2Cloud Migration Market - By Application
1.3.3Cloud Migration Market - By End-User
1.3.4Cloud Migration Market - By Region
1.3.4.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.CLOUD MIGRATION MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS

5.CLOUD MIGRATION MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

6.CLOUD MIGRATION MARKET - GLOBAL MARKET ANALYSIS
6.1.CLOUD MIGRATION - GLOBAL MARKET OVERVIEW
6.2.CLOUD MIGRATION - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE

7.CLOUD MIGRATION MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE
7.1.OVERVIEW
7.2.SERVICE MARKET FORECASTS AND ANALYSIS
7.3.PAAS
7.3.1.Overview
7.3.2.PaaS Market Forecast and Analysis
7.4.IAAS
7.4.1.Overview
7.4.2.IaaS Market Forecast and Analysis
7.5.SAAS
7.5.1.Overview
7.5.2.SaaS Market Forecast and Analysis
8.CLOUD MIGRATION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.PROJECT MANAGEMENT
8.3.1.Overview
8.3.2.Project Management Market Forecast and Analysis
8.4.COMPLIANCE AND SECURITY MANAGEMENT
8.4.1.Overview
8.4.2.Compliance and Security Management Market Forecast and Analysis
8.5.INFRASTRUCTURE MANAGEMENT
8.5.1.Overview
8.5.2.Infrastructure Management Market Forecast and Analysis
9.CLOUD MIGRATION MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1.OVERVIEW
9.2.END-USER MARKET FORECASTS AND ANALYSIS
9.3.BFSI
9.3.1.Overview
9.3.2.BFSI Market Forecast and Analysis
9.4.RETAIL
9.4.1.Overview
9.4.2.Retail Market Forecast and Analysis
9.5.HEALTHCARE
9.5.1.Overview
9.5.2.Healthcare Market Forecast and Analysis
9.6.IT AND TELECOM
9.6.1.Overview
9.6.2.IT and Telecom Market Forecast and Analysis
9.7.MANUFACTURING
9.7.1.Overview
9.7.2.Manufacturing Market Forecast and Analysis
9.8.GOVERNMENT
9.8.1.Overview
9.8.2.Government Market Forecast and Analysis
9.9.OTHERS
9.9.1.Overview
9.9.2.Others Market Forecast and Analysis

10.CLOUD MIGRATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Cloud Migration Market Overview
10.1.2North America Cloud Migration Market Forecasts and Analysis
10.1.3North America Cloud Migration Market Forecasts and Analysis - By Service
10.1.4North America Cloud Migration Market Forecasts and Analysis - By Application
10.1.5North America Cloud Migration Market Forecasts and Analysis - By End-User
10.1.6North America Cloud Migration Market Forecasts and Analysis - By Countries
10.1.6.1United States Cloud Migration Market
10.1.6.1.1United States Cloud Migration Market by Service
10.1.6.1.2United States Cloud Migration Market by Application
10.1.6.1.3United States Cloud Migration Market by End-User
10.1.6.2Canada Cloud Migration Market
10.1.6.2.1Canada Cloud Migration Market by Service
10.1.6.2.2Canada Cloud Migration Market by Application
10.1.6.2.3Canada Cloud Migration Market by End-User
10.1.6.3Mexico Cloud Migration Market
10.1.6.3.1Mexico Cloud Migration Market by Service
10.1.6.3.2Mexico Cloud Migration Market by Application
10.1.6.3.3Mexico Cloud Migration Market by End-User
10.2.EUROPE
10.2.1Europe Cloud Migration Market Overview
10.2.2Europe Cloud Migration Market Forecasts and Analysis
10.2.3Europe Cloud Migration Market Forecasts and Analysis - By Service
10.2.4Europe Cloud Migration Market Forecasts and Analysis - By Application
10.2.5Europe Cloud Migration Market Forecasts and Analysis - By End-User
10.2.6Europe Cloud Migration Market Forecasts and Analysis - By Countries
10.2.6.1Germany Cloud Migration Market
10.2.6.1.1Germany Cloud Migration Market by Service
10.2.6.1.2Germany Cloud Migration Market by Application
10.2.6.1.3Germany Cloud Migration Market by End-User
10.2.6.2France Cloud Migration Market
10.2.6.2.1France Cloud Migration Market by Service
10.2.6.2.2France Cloud Migration Market by Application
10.2.6.2.3France Cloud Migration Market by End-User
10.2.6.3Italy Cloud Migration Market
10.2.6.3.1Italy Cloud Migration Market by Service
10.2.6.3.2Italy Cloud Migration Market by Application
10.2.6.3.3Italy Cloud Migration Market by End-User
10.2.6.4United Kingdom Cloud Migration Market
10.2.6.4.1United Kingdom Cloud Migration Market by Service
10.2.6.4.2United Kingdom Cloud Migration Market by Application
10.2.6.4.3United Kingdom Cloud Migration Market by End-User
10.2.6.5Russia Cloud Migration Market
10.2.6.5.1Russia Cloud Migration Market by Service
10.2.6.5.2Russia Cloud Migration Market by Application
10.2.6.5.3Russia Cloud Migration Market by End-User
10.2.6.6Rest of Europe Cloud Migration Market
10.2.6.6.1Rest of Europe Cloud Migration Market by Service
10.2.6.6.2Rest of Europe Cloud Migration Market by Application
10.2.6.6.3Rest of Europe Cloud Migration Market by End-User
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Cloud Migration Market Overview
10.3.2Asia-Pacific Cloud Migration Market Forecasts and Analysis
10.3.3Asia-Pacific Cloud Migration Market Forecasts and Analysis - By Service
10.3.4Asia-Pacific Cloud Migration Market Forecasts and Analysis - By Application
10.3.5Asia-Pacific Cloud Migration Market Forecasts and Analysis - By End-User
10.3.6Asia-Pacific Cloud Migration Market Forecasts and Analysis - By Countries
10.3.6.1Australia Cloud Migration Market
10.3.6.1.1Australia Cloud Migration Market by Service
10.3.6.1.2Australia Cloud Migration Market by Application
10.3.6.1.3Australia Cloud Migration Market by End-User
10.3.6.2China Cloud Migration Market
10.3.6.2.1China Cloud Migration Market by Service
10.3.6.2.2China Cloud Migration Market by Application
10.3.6.2.3China Cloud Migration Market by End-User
10.3.6.3India Cloud Migration Market
10.3.6.3.1India Cloud Migration Market by Service
10.3.6.3.2India Cloud Migration Market by Application
10.3.6.3.3India Cloud Migration Market by End-User
10.3.6.4Japan Cloud Migration Market
10.3.6.4.1Japan Cloud Migration Market by Service
10.3.6.4.2Japan Cloud Migration Market by Application
10.3.6.4.3Japan Cloud Migration Market by End-User
10.3.6.5South Korea Cloud Migration Market
10.3.6.5.1South Korea Cloud Migration Market by Service
10.3.6.5.2South Korea Cloud Migration Market by Application
10.3.6.5.3South Korea Cloud Migration Market by End-User
10.3.6.6Rest of Asia-Pacific Cloud Migration Market
10.3.6.6.1Rest of Asia-Pacific Cloud Migration Market by Service
10.3.6.6.2Rest of Asia-Pacific Cloud Migration Market by Application
10.3.6.6.3Rest of Asia-Pacific Cloud Migration Market by End-User
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Cloud Migration Market Overview
10.4.2Middle East and Africa Cloud Migration Market Forecasts and Analysis
10.4.3Middle East and Africa Cloud Migration Market Forecasts and Analysis - By Service
10.4.4Middle East and Africa Cloud Migration Market Forecasts and Analysis - By Application
10.4.5Middle East and Africa Cloud Migration Market Forecasts and Analysis - By End-User
10.4.6Middle East and Africa Cloud Migration Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Cloud Migration Market
10.4.6.1.1South Africa Cloud Migration Market by Service
10.4.6.1.2South Africa Cloud Migration Market by Application
10.4.6.1.3South Africa Cloud Migration Market by End-User
10.4.6.2Saudi Arabia Cloud Migration Market
10.4.6.2.1Saudi Arabia Cloud Migration Market by Service
10.4.6.2.2Saudi Arabia Cloud Migration Market by Application
10.4.6.2.3Saudi Arabia Cloud Migration Market by End-User
10.4.6.3U.A.E Cloud Migration Market
10.4.6.3.1U.A.E Cloud Migration Market by Service
10.4.6.3.2U.A.E Cloud Migration Market by Application
10.4.6.3.3U.A.E Cloud Migration Market by End-User
10.4.6.4Rest of Middle East and Africa Cloud Migration Market
10.4.6.4.1Rest of Middle East and Africa Cloud Migration Market by Service
10.4.6.4.2Rest of Middle East and Africa Cloud Migration Market by Application
10.4.6.4.3Rest of Middle East and Africa Cloud Migration Market by End-User
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Cloud Migration Market Overview
10.5.2South and Central America Cloud Migration Market Forecasts and Analysis
10.5.3South and Central America Cloud Migration Market Forecasts and Analysis - By Service
10.5.4South and Central America Cloud Migration Market Forecasts and Analysis - By Application
10.5.5South and Central America Cloud Migration Market Forecasts and Analysis - By End-User
10.5.6South and Central America Cloud Migration Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Cloud Migration Market
10.5.6.1.1Brazil Cloud Migration Market by Service
10.5.6.1.2Brazil Cloud Migration Market by Application
10.5.6.1.3Brazil Cloud Migration Market by End-User
10.5.6.2Argentina Cloud Migration Market
10.5.6.2.1Argentina Cloud Migration Market by Service
10.5.6.2.2Argentina Cloud Migration Market by Application
10.5.6.2.3Argentina Cloud Migration Market by End-User
10.5.6.3Rest of South and Central America Cloud Migration Market
10.5.6.3.1Rest of South and Central America Cloud Migration Market by Service
10.5.6.3.2Rest of South and Central America Cloud Migration Market by Application
10.5.6.3.3Rest of South and Central America Cloud Migration Market by End-User

11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12.CLOUD MIGRATION MARKET, KEY COMPANY PROFILES
12.1.ACCENTURE PLC
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.AMAZON WEB SERVICES INC.
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.CISCO SYSTEMS INC.
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.DXC TECHNOLOGY
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.GOOGLE INC.
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.IBM CORPORATION
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.MICROSOFT CORPORATION
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.RACKSPACE US, INC.
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.SAS INSTITUTE INC.
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments

13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
The List of Companies

1. Accenture PLC
2. Amazon Web Services Inc.
3. Cisco Systems Inc.
4. Cognizant Technology Solutions Corporation
5. DXC Technology
6. Google Inc.
7. IBM Corporation
8. Microsoft Corporation
9. Rackspace US, INC.
10. SAS Institute Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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